Profit & Loss Income Statement Review #1 – This Year vs Last Year

Be a "PROFITABLE" Badass Business Owner May 18, 2022
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Be a "PROFITABLE" Badass Business Owner

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Helping Small Business Owners Grow Profitable Businesses in their Local Communities Are You a Small Business Owner Who is Tired of Living Job to Job? Confused by Your Business Numbers? Ready to Start Earning More Profit in Your Business? Badass Business Owners are Small Business Owners serving their local communities who want to learn their business numbers but find them so confusing at times. They know they need to understand their business numbers better, but it can be so confusing. What if it didn’t need to be? What if it was easier? I love breaking down the math to help you understand your business numbers better. Your numbers are trying to tell you a story, l teach you how to read that story. So, if you are ready to MAKE MORE MONEY IN YOUR SMALL BUSINESS then you are in the right place! My Mission is to Help You Build a Profitable Business! I'd love to be part of your journey! Tammy

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Video Description

Want to learn how to read a profit and loss income statement better? In this P &L Review, we will take a look at a business’s P & L and look at two full years side by side. Comparing this year vs last year on your profit and loss can offer great insight into what the company is doing better and where its opportunities still are. They took 2 big gambles, so let’s see if they paid off! KEY MOMENTS IN THE VIDEO: 00:00 Profit & Loss Income Statement – This Year vs Last Year 00:40 What is Your P&L Trying to Tell You? 02:44 Income 06:35 Cost of Goods Sold – The Big Investment & Change They Made 11:50 Gross Profit 12:33 Operational Costs – Lesson – The Impact of a Big Decision 19:50 Profitable or Not? - Will Their Gamble Pay Off? 22:05 Two More Key Points Before You Go ** DISCLAIMER: Any thoughts shared on any particular P&L review are my thoughts and meant only as teaching opportunities and not meant to be considered actual findings. It is up to you to dive deeper into your P & L and discover what is really going on behind the scenes and what is best for your business. ------------------------------ Want to Dive in Deeper & Learn More About Your Numbers 👉 Grab Your Free Know Your Business Numbers Reference Guide: https://babolearning.com/KYBNReferenceGuide 👉 Check Out the AFFORDABLE - Know Your Business Numbers Course http://KnowYourBusinessNumbersCourse.com ----------------------------- Want more? Here are some other videos to help… 👉 Pricing Your Products Correctly – https://youtu.be/AQ_mUb1E9MQ 👉 Pricing Your Services Correctly - https://youtu.be/doAKxyRa4pM 👉 How to Read a Profit & Loss Statement - https://youtu.be/jFgqMVmXbx4 ----------------------------- PLAYLISTS TO CHECK OUT: 👉 Learn How to Read Your Profit & Loss Income Statement: https://www.youtube.com/playlist?list=PLkSR9dYanvV1YssoiyqLBUlgxYy2hYADj 👉 PLAYLIST: Pricing Your Products & Services https://www.youtube.com/watch?v=X89AFodPA3U&list=PLkSR9dYanvV0yWIzfFldB1sGx7Dfmn3Do3 👉 PLAYLIST: Learning Your Business Numbers Better: https://www.youtube.com/playlist?list=PLkSR9dYanvV1tPjNcLppOPDDBn6i4Sdzw ----------------------------- FREE GUIDES / TOOLS 👉 FREE eGuide: 8 Steps to Earning $100,000 in Income in your small business - http://bit.ly/8Steps100k 👉 FREE eGuide: How to Read a Profit & Loss Statement - https://bit.ly/ReadPL 👉 FREE Start Up Guide for Starting a Business - https://bit.ly/BusinessStartUpGuide 👉 Free Business Health Check: https://localsmallbusinesscoach.com/businesshealthcheck 👉 Free eBook: 10 Questions to Ask in Your Business https://bit.ly/10QuestionsBiz ----------------------------- Check Out the Website: https://babolearning.com ----------------------------- COURSES to HELP YOU 👉 Understanding Your Business Numbers - http://KnowYourBusinessNumbersCourse.com 👉 Start a Local Small Business – http://StartASmallBusinessCourse.com ----------------------------- 👉 Want to Help Support the Channel? Click the Super Thanks! 👉 DISCLAIMER on Affiliate Links: I occasionally will have some affiliate links & I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better 👉 DISCLAIMER: I am not an attorney, CPA, bookkeeper, insurance agent or financial advisor. My videos/podcast are for entertainment & educational purposes only and should not be construed as tax, legal, insurance or financial advice. Please seek out a qualified CPA, attorney, or specialist as needed. I’m sharing my experiences with my businesses and those I have worked for and/or helped coach. ---------------------------- Local Small Business Owners are the Backbone of All of Our Communities! WHO IS THIS FOR: small business owners who serve their local community, local small business owners, service based business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, carpet cleaners, window cleaners, ice cream shops, QSRs, restaurant owners, mechanics, plumbers, electricians, real estate agents, dog groomers, franchisees, tradesmen, appliance repair, dog walkers, insurance, pet business owners, cake makers & those looking to increase profits, boost sales, improve processes and develop stronger teams. Entrepreneurs who want to make more money. Those who want to know their business numbers better! #BABOLearning #KnowYourBusinessNumbers #BadassBusinessOwner

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